29 March 2009 22:23 [Source: ICIS news]
“We have definitely seen improved demand since the first quarter of the year, especially in the refinishing sector,” the producer said on the sidelines of the National Petrochemical & Refiners Association (NPRA) conference. “The OEMs [original equipment manufacturers] are down, but the refinishing sector has seen some improvement since the beginning of the year.”
While demand did seem to improve in January, many in the industry had questioned whether there was indeed true new demand or restocking, with buyers taking just enough material to get by.
“There was some restocking after the beginning of the year, but demand is definitely improved [in the refinishing sector],” the producer said.
N-butanol (NBA), 2-ethylhexanol (2-EH) and isobutanol (IBA) contract prices rolled over in March as buyers looked to April-increase nominations. NBA prices were assessed at $1,874-1,984/tonne (€1,406-1,488/tonne) according to data from global chemical market intelligence service ICIS pricing.
($1 = €0.75)
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